MNI BRIEF: Citi's Catherine Mann Replaces Vlieghe On BOE MPC

Former OECD Chief Economist Catherine Mann has been appointed to the Bank of England Monetary Policy Committee to replace Gertjan Vlieghe from September 1, with his second term finishing at the end of August.

Mann, who until recently was Global Chief Economist at Citibank, has also worked at the U.S. Federal Reserve and in academia, bringing in expertise on the overseas picture at a time when the MPC is wrestling with the knock-on effects of the hefty stimulus from Washington. An announcement on who will take over as chief economist from Andy Haldane is still awaited, with a second change on the nine member committee shifting the composition although in one piece of continuity, Jonathan Haskel was today re-appointed to a second three year term.